Entergy To Shutter Vermont Yankee Nuclear Plant

Law360, New York (August 27, 2013, 3:23 PM EDT) -- Citing high costs and low natural gas prices, Entergy Corp. said Tuesday that it would close its Vermont Yankee nuclear plant in 2014, ending a long-running battle between the company and state officials and nuclear power safety groups who sought to shutter the plant.

Entergy said Vermont Yankee, the state's only nuclear plant, would likely cease power production after its current fuel cycle and be shut down in the fourth quarter of 2014. The 605-megawatt plant, which has been in operation since 1972, will remain under...